Sensex surges 358 points, Nifty up 110 points as exit poll results predict BJP win in Gujarat
Prominent gainers include Adani Ports, Bajaj Auto, HDFC Bank, L&T and Tata Steel, rising by up to 2.48 percent
Mumbai: Riding high on exit polls that predict a BJP victory in Gujarat and Himachal Pradesh, the Sensex shot up 358 points on Friday, aided by heavy liquidity and a surging rupee.
The ruling BJP at the Centre looks headed for a win in both Gujarat and Himachal Pradesh assembly elections, according to a string of exit polls by survey agencies.
The impact was visible as all sectoral indices led by metal and capital goods jumped by up to 1.87 percent.
The 30-share Sensex climbed 358.11 points, or 1.07 percent, to 33,605.11. It had gained 193.66 points in the previous session. The 50-share NSE Nifty too went up 110.20 points, or 1.07 percent, to 10,362.30.
In the forex market, the rupee appreciated 23 paise to 64.11.
Prominent gainers include Adani Ports, Bajaj Auto, HDFC Bank, L&T and Tata Steel, rising by up to 2.48 percent.
Globally, at other Asian markets, Japan's Nikkei was down 0.88 percent while Shanghai Composite shed 0.48 percent in early trade today. Hong Kong's Hang Seng too fell 0.96 percent.
The US Dow Jones Industrial Average ended 0.31 percent down on Thursday.
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HDFC, Kotak Bank, ICICI Bank, SBI, and HDFC Bank were the top gainers for the BSE Sensex while Titan, Nestle India, Ultracem Co, Sun Pharma, and Maruti were the top laggards
Both the BSE Sensex and NSE Nifty50 closed modestly lower on Friday after investors offloaded banking, finance and metal stocks in the last hour of trade amid sluggish global cues
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At the clsoing bell, the BSE Sensex was up 209.36 points or 0.40 percent at 52,653.07 while the NSE Nifty50 gained 69.05 points or 0.44 percent to close at 15,778.45